Old Fashioned Finance: Recent Episodes
Blue Jay Financial Group
Can a podcast about finance be entertaining? Not without alcohol! Welcome to Old Fashioned Finance: the podcast that mixes cocktails and high finance! Join amateur mixologists and professional financial planners Caleb and Jason each episode as they shake up some stories of money muddling that are sure to go down smooth! Cheers!
The Drink: Tuxedo No. 2 The Topic: Preparing for Recessions This week the boys are talking about how to prepare for the big R word. We’re not talking about retirement this time! Listen in for tips, tricks, and good old fashioned practical advice on preparing for the next recession!
The Drink: Paloma The Topic: Budgeting For A Home On this week’s episode, Caleb and Jason dig into the nuts and bolts of homebuying. They’ll talk about various types of mortgage loans, financing options, fees, and most importantly how to budget for the right home. If you’ve ever wondered how much home you can responsibly afford, this one is for you.
The Drink: The Gimlet The Topic: Credit Scores People have a lot of misconceptions about their credit score. On this week’s episode Caleb and Jason help you separate fact from fiction. They’ll talk about what goes into your credit scores well as ways to build or improve credit. You won’t want to miss this one!
The Drink: New York Sour The Topic: Sinking Funds Have you ever been “surprised” by a predictable expense or event? This week Caleb and Jason dive into the wonderful world of sinking funds. They’ll explain what a sinking fund is, how to set one up, and the best ways to fund one. So the next time the washing machine breaks, or the car needs tires, you won’t have to reach for the credit card!
We’ve talked about financial freedom in your 20s, 30s, 40s, and 50s. But what about when you are actually retired? As it turns out, not everyone who is retired actually enjoys financial freedom. On today’s episode Caleb and Jason conclude the series on financial freedom, and explore what it means to really be free in your golden years, as well as things to avoid.
The Drink: Barrel Age Gin Martini The Topic: What Is Financial Freedom? Last week we talked about what financial freedom looks like in your 20s and 30s. This week Caleb and Jason will explore financial freedom in your 40s and 50s. These are typically your highest earning years, but they also come with unique challenges. Learn how to make the most of your retirement red zone on today’s show.
The Drink: Barrel Aged Gin Old Fashioned The Topic: What Is Financial Freedom? This week Caleb and Jason kick off a new 3 part series. Have you ever wondered what financial freedom really is? What it means? How to achieve it? Or even why pursue it? On today’s show they will explore what financial freedom looks like in your 20s and 30s, and some simple things you can do early on in your financial journey.
The Drink: Bull and Bear Cocktail The Topic: How To Handle Market Declines Pullbacks, corrections, and bear markets, oh my! Most of the time the stock market goes up, but what about when it doesn’t? Caleb and Jason spend this week’s episode explaining and defining the different types of market declines, and what to do when they go down. Spoiler alert: less is more! Listen in as they share data from pullbacks, corrections and bear markets past, and the good times that have always followed.
The Drink: Four Roses Small Batch Select The Topic: Selling a Small Business It’s the epic conclusion of our Small Business Small Batch miniseries. On today’s show Jason and Caleb discuss when it’s time to sell your small business. They’ll talk about succession planning, business valuations and how to know when it’s time to step away.
The Drink: Michter’s Small Batch US-1 The Topic: Running a Small Business On this week’s episode we continue with our Small Business Small Batch miniseries. We’ll dig into the day to day operation of a small business with topics like structuring your business, creating a culture, and how to develop and retain talent. Whether you are a business owner or are considering starting your own business, you won’t want to miss this one!
The Drink: Elijah Craig Small Batch The Topic: Starting a Small Business After a brief pause for client meetings, the boys are at it again! This week we are kicking off a new series of Small Business Small Batch episodes! We’ll discuss the excitement, the stress, and the reward of starting a small business. Listen in as Jason Bernal draws on his experience of founding Blue Jay Financial Group. Hey, that’s us!
The Drink: The Scofflaw The Topic: Mega Backdoor Roth As we’ve stated in the past, Roth IRAs are just about the best thing out there when it comes to retirement. What could be better, you ask? On this week’s show Jason and Caleb explore the Mega Backdoor Roth! That’s right, MEGA! Listen and learn as they enjoy an old timey prohibition era cocktail, the Scofflaw.
The Drink: The Income Tax Cocktail The Topic: Tax Time! It’s tax time, folks!. There are forms to gather, deadlines to hit, checks to be written… What could possibly go wrong?! On this week’s episode Jason and Caleb talk about everyone’s favorite time of year. Why are people so stressed? What common mistakes can you avoid? Learn how to set yourself up for a successful 2022 tax season.
The Drink: Rum Rickey The Topic: How Much Should You Have Saved at Age 30, 40, 50 and so on… A recent article talks about how much you should have saved at various ages for retirement. We see and read articles like this every year. On this week’s episode, Jason and Caleb discuss their merits as well as the dangers of putting too much stock in them. Find out how they really feel, while enjoying some refreshing Rum Rickeys!
The Drink: The Grandfather The Topic: Inheriting Retirement Accounts At some point in your life you may inherit a retirement account or two. Or seven. And if losing a loved one isn’t hard enough, you will be presented with some difficult decisions when it comes to settling these types of accounts properly. On this week’s episode, Jason and Caleb explain the rules, and tell you how you can best handle distributions from inherited accounts.
The Drink: Rye Old Fashioned The Topic: Inherited Farm Ground Jason flies solo this week and revisits his best performing blog post of 2021 “When Farm Ground You Inherit Is A Bad Investment”. Inheritance can be a blessing, but this particular item is full of even more emotion than normal and Jason breaks down the numbers and the emotions related to inherited farm ground.
The Drink: French 75 The Topic: FInancial Resolutions for the New Year It’s time to ring in the new year! On this week’s episode the Jasons and Caleb discuss some resolutions that are worth keeping. If you are looking to get on track for 2022, listen up! The boys go way back to prohibition times for the New Year’s Eve cocktail, the French 75.
The Drink: Cranberry Bourbon Cocktail The Topic: Inflation It’s the Christmas episode, so this week the boys are talking about the..the…the…The GRINCH! Well not really, but kind of. They’ll dive into the topic of inflation and the impact it has on your savings and retirement plans. Join Jason and Caleb as they enjoy a Christmas party cocktail to share with family and friends. Merry Christmas!
The Drink: The White Russian The Topic: Dollar Cost Averaging On today’s show Jason and Caleb are talking about dollar-cost averaging. Chances are you’ve heard about it, but may be wondering what it actually means. What are the benefits? Is it actually the best way to invest long-term? What are the behavioral advantages? Tune in for the answers, and don’t forget the White Russians, dude.
The Drink: Stagg Jr. The Topic: Cognitive Bias The boys landed a unicorn bourbon to try on the show! This week Jason and Caleb explore the world of behavioral finance. They’ll be talking about some common cognitive biases that can get in the way of making good financial decisions, and how to avoid them.
The Drink: The Martinez The Topic: Credit Cards Everyone has an opinion on credit cards. This week Jason and Caleb discuss the many pros and cons of using credit cards. They’ll talk about some common misconceptions and the pitfalls for using them incorrectly. For this week’s cocktail, the boys are going back to the old timey days to try a classic, the Martinez.
The Drink: Applejack Sour The Topic: Financial Gratitude On this week’s episode, Jason and Caleb bring you a great cocktail recipe to share at the Thanksgiving table. Mix up an Applejack Sour and join the conversation about financial gratitude (and the regular kind too). It’s an episode for thanks and giving! We love you. Get used to it, we say it now.
The Drink: The Sazerac The Topic: Roth Conversions The Sazerac is a classic N’awlins drink with a rich history. The Roth IRA is a classic way to establish a rich future. This week, Jason and Caleb talk about the importance of developing a strategy for converting traditional retirement assets into Roth assets. They’ll talk about the pros of executing these conversions successfully, and the cons of messing it up. Get ready to work that tax code, folks!
The Drink: Campfire Sling The Topic: Early Retirement Withdrawals For most Americans, retirement accounts make up the bulk of their assets. Which is probably why so many people take early withdrawals when expenses come up. But does it ever really make sense to take money from retirement accounts early? This week Jason and Caleb will dive into if and when it makes sense. They’ll put some math behind it while sipping on a great fall inspired drink, the Campfire Sling!
The Drink: Hot Buttered Rum The Topic: Qualified Charitable Distributions Deferred retirement accounts are great, but taxes can’t be deferred forever. Or can they? Jason and Caleb talk about the required minimum distribution and what that means for your retirement accounts. You’ll also learn how charitable distributions from retirement accounts can mean tax savings and amplified giving. You won’t want to miss these hot tips on giving!
The Drink: Apple Cider Manhattan The Topic: The Wonders of Compound Interest Welcome to the wonderful world of compound interest! We’ve all heard of it, but how does it actually work? Spoiler Alert: It’s not rocket science! This week Jason and Caleb talk about how compounding can work in your favor or against you. More importantly they’ll also discuss the practical applications for your finances. Sit back and enjoy the show with a delicious fall twist on a classic cocktail, the Apple Cider Manhattan.
The Drink: Dark & Stormy The Topic: Risk Tolerance Too much time and energy is spent on matching up risk tolerance with how portfolios are invested. But why? Is time horizon more important? Listen as Jason and Caleb talk about what risk tolerance is, and why it’s value is oftentimes overstated. They mix up some Dark & Stormy cocktails while they are at it.
The Drink:Maple Old Fashioned The Topic: Order of Savings You probably understand the importance of saving for the future. But how can you be sure that you are putting money in all the right places? Could you be leaving free money on the table!? This week, the Jasons and Caleb sit down to discuss the order of savings. 401(k)s and IRAs and HSAs, oh my!
The Drink: Jefferson’s Ocean Aged At Sea Voyage 23 The Topic: Becoming Self Employed So you want to be self-employed. It sounds great! We are big supporters of small business and the benefits it offers to the owners and society, but it’s not all roses. Join Jason and Jason B. as they talk about how to take the leap to becoming self-employed, what to watch out for, and what they wish they knew when they started!
The Drink: Rob Roy The Topic: 401k Rollovers It’s the age old question. Should you rollover your 401k or not? While it can be confusing, it's not rocket science. Caleb and Jason discuss when it makes sense to rollover your old retirement plan, and when you should leave it alone. Sit back and enjoy this twist on the classic Manhattan, the Rob Roy!
The Drink: El Presidente The Topic: Retirement Distributions You’ve saved. You’ve invested. You’ve put in the hard work. Now it’s time to flip the switch! Sounds easy, right? Not so fast, my friend. Listen as Jason and Caleb discuss 3 pitfalls that can wreck your plan for distributions in retirement. On this week’s episode the boys mix up a forgotten classic, the El Presidente.
The Drink: Rolls Royce The Topic: New Car vs. Used Car Should you buy a new or used car? Is leasing ever a good option? How much should you really spend? These are all good questions. Jason and Caleb answer these and more on this week’s episode of Old Fashioned Finance. Join the fun with a perfect pairing: the Rolls Royce cocktail, a luxury twist on a classic martini. This one’s gonna be fancy!
The Drink: 1792 Small Batch The Topic: Small Business Retirement Plans If you are a small business owner, or you work for a small business owner, this one’s for you. Listen in as Caleb and Jason B. discuss the nuts and bolts of the most common small business retirement plans. Don’t worry, they keep things SIMPLE and focus on how these plans can work for you! This week the boys are enjoying a pour of 1792 Small Batch bourbon.
The Drink: The Brooklyn The Topic: Mutual Funds What the heck is a mutual fund anyway? They may sound confusing, but don’t need to be. On this week’s episode Jason & Caleb explain the basics. Sit back, relax, and mix up a Brooklyn (a unique take on Manhattans) and enjoy the conversation.
The Drink: Tom Collins The Topic: Do You Need A Trust? Estate planning can be tricky to say the least, and trusts can be a valuable tool in the right situation. But how do you know if a trust is appropriate for you, or if you’re just being sold by a smooth talking salesman? Jason and Caleb clear up some common misconceptions while enjoying a summer classic: The Tom Collins.
The Drink: The Improved Brandy Cocktail The Topic: 7 Lies Financial Advisors Tell Have you ever wondered if your financial advisor is telling the truth? Are they really looking out for you? Jason and Caleb talk about 7 lies financial advisors tell, and how to spot them.
The Drink: Mojito The Topic: Retirement Preparation Are you prepared for retirement? Regardless of where you are in your journey, there’s work to be done today! Listen as Jason and Caleb share 5 essential steps to take before pushing the button. And no, drinking a Mojito is not on the list, but you should do that anyway.
The Drink: Vieux Carré The Topic: Everyone that has looked into investing even a little bit has probably heard that diversifying is a good thing, but what exactly does it mean? Jason and Caleb talk about what diversification is and what it isn’t and how it can help you while drinking a New Orleans based spin on the Manhattan: the Vieux Carré.
The Drink:Bloody Mary The Topic: Personal Balance Sheet Going hand in hand with your budget should be a personal balance sheet. But how do you go about creating one? How often should you update it? It’s easier than you think. Jason and Caleb somehow manage to mix up vodka based drinks in back to back weeks and try Bloody Marys for the first time.
The Drink:Harvey Wallbanger The Topic: Annuities Annuities are one of the most oversold and least understood products out there. So what is the disconnect? Who actually needs one? Listen as Jason and Caleb debate while sharing an interesting take on the Screwdriver cocktail, the Harvey Wallbanger.
The Drink:Delilah AKA The White Lady AKA Chelsea Sidecar The Topic: Financial Infidelity There are few things as damaging to a relationship as financial infidelity. But what exactly is financial infidelity? Are you hiding assets or debt? Are you honest about spending? Are you cheating? How can you prevent it?
The Drink: The Manhattan The Topic: How To Invest In Your 401(k) We all have a tendency to overcomplicate things, especially when it comes to investing. Jason and Caleb aim to simplify investing in 401(k) and other employer sponsored retirement plans. After all, it’s not rocket science!
The Drink: Moscow Mule, Kentucky Mule, Mexican Mule, Gin Gin Buck The Topic: Do You Really Need A Budget? Budgeting is something that we would all agree is a good thing. But does everyone need a formal budget? Jason and Caleb get to the heart of it while enjoying variations of a classic budget cocktail.
The Drink: Gin and Tonic The Topic: Health Savings Accounts Health savings accounts are often overlooked and underutilized in the retirement planning process. Jason & Caleb discuss ways to incorporate the HSA as an effective tool for your retirement utility belt.
The Drink: The Whiskey Smash The Topic: How Much Cash Is Too Much Cash? Is there such a thing as too much cash? Jason & Caleb debate different rules of thumb for emergency funds, while enjoying a pre-prohibition classic: the whiskey smash.
The Drink: Long Island Iced Tea The Topic: How Important Is It To Have Multiple Streams of Income? Description: Having multiple streams of income seems like a prerequisite to building wealth. Jason & Caleb talk about the importance of having multiple streams of income and talk about a drink with multiple streams of liquor!
The Drink:Moonshine Cocktails The Topic: Bitcoin, Cryptocurrencies, and the Blockchain The Question: What is Bitcoin and Should You Own It? Description: Some people think that Bitcoin is a good replacement for fiat currency. Jason and Caleb learn that moonshine is a great replacement for vodka! Listen as they detail their recent visit to Flatrock Distilling Company and discuss the legitimacy of Bitcoin as a currency, and an investment.
The Drink: The New Fashioned (New Riff Cocktails) The Topic: A Primer on Roth IRAs The Question: What is a Roth IRA? Who Can Contribute and How Much? Description: Jason and Caleb talk about their recent visit to the New Riff Distilling in Newport KY, and dive into the basics of Roth IRAs.
The Drink: Margarita The Question: What makes a millionaire? A recent study by the Ramsey group, an old classic book by Thomas Stanley, as well as dozens of personal interactions with millionaires has given Jason & Caleb some insight into what millionaires look like today. They talk about common traits of millionaires and give some practical advice on how to become a financially independent millionaire yourself.
The Drink: The Sidecar The Question: Should I Count on Social Security? Social Security is less than 100 years old and is a huge factor in most Americans retirement plans. Jason & Caleb give an introduction into the system as a primer for more in depth social security planning giving good information for those retiring soon and for those that think they’ll never see a dime from the social security administration. https://bluejayfg.com/social-security-flowcharts/
Is investing your money in the market akin to gambling on the ponies? Jason and Caleb explain why investing is not gambling.
The Drink: Campari based cocktails (Negroni & Americano) When is it a good idea to get long term care insurance? Continuing the discussion on the icebergs that sink financial plans, Jason & Caleb talk about other insurances you may need: health, disability, property & casualty, liability, and long term care.
The Drink: Jack Rose How do you fill the gaps in your plan? Caleb and Jason mix up a forgotten classic: the Jack Rose and tie in the story of the Titanic to risk management! In this episode they discuss what kind of life insurance to buy, how much, and especially debate buying term life vs. whole life.
The Drink: Daiquiri The Topic: Saving for Your Kids’ College We know you probably think of college kids drinking frozen fruit smoothies when you hear the word daiquiri...we did! But the daiquiri is one of Embury’s 6 essential cocktails for a reason and we’re going to be sipping on some while talking about how you can plan to help your kids pay for college. How much is too much? Should you even try to pay for their college? Jason and Caleb draw on experience from helping clients as financial planners to talk about the problem of financing the biggest help to making more money: education.
The Drink: Martini The Topic: Where does gold fit in a good investment strategy? The gold rush brought the United States…. GOLD and made many people rich. What many people may not know is that it also brought us the Martini - one of the James Bondiest drinks of all time. Is it smart to invest in gold? Physical gold? Gold ETFs? Jason and Caleb ruin chances of being sponsored by gold selling companies while talking about Martinis and investing in gold.
The Drink: Old Fashioned The Topic: Debating Debt Payoffs vs. Investing Now Jason and Caleb explore the original cocktail: the old fashioned and debate whether it’s ever a good idea to put off investing when you’re in debt.
Can a podcast about finance be entertaining? Not without alcohol! Welcome to Old Fashioned Finance: the podcast that mixes cocktails and high finance! Join your hosts Jason and Caleb each episode as they shake up some stories of money muddling that is sure to go down smooth! Cheers!